A couple other points to mention would be that someone could purchase up to 5 investment properties with this loan structure if they qualify, and that this is only available for SFR, not MF properties.It might help if I shared exactly how I personally used this portfolio loan to advance my investment goals.This is one of many unique lending options available today that is good for investors to evaluate if it fits their goals.So here is what I did:After running the numbers of putting 25% down on one investment property, I chose to purchase 5 similar properties with the same 25% down.

Obviously we aren’t waiting on 30 years for full cash flow. 

My favorite part is that we can take the percentage of the structures assessed value (assessed improvements value / assessed total value [including land] = Percentage) and the play our purchase price by the percentage to get our depreciable basis (not including acquisition/closing costs, of course).

This not only helps with organization but also shields your personal funds if anything tricky comes up.

I have never used, but the retail landlord I used to work for uses DashComm to allow their tenants to pay rent and report sales.https://www.phillipsedison.com/neighbors/dashcommAgain, this was not rolled out when I worked there many years ago, but I know a vast majority of their tenants have escalation clauses, NNN's, some properties have utility pass throughs that vary each month, etc.I will also say, for what it is worth, they had a full AR department that would mail out statements every month to every tenant.  

At the time of lease signing they would give a check (usually like a cashier's check) for 1 full month's rent ($1000 in your example) and then the pro-rated amount would be due on the first of the month with every succeeding month being the full rent.For my own investing I usually look at it on a case-by-case basis.

Since I am now the "bank" or "lender" I have all the rights of that lender to enforce recovery up to the full outstanding balance of the loan.

I have a hand full on single family rentals in FL and live in CA.Any recommendations would be appreciated!

You don't know if they have income, you only know that they can pay the full amount.

Not as many complexities with a few rentals, but there can still be significant issues depending on entity structure - even if they are all "disregarded" entities for federal tax purposes.If your W-2 is your full time gig, and they are all passive long term rentals, there very well could be likely not a lot of active planning to do on the real estate side, outside of getting some general knowledge out there, having some longer term plans, and ensure deductions are being maximized in the isolation of those 5 rentals.